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For each of the accounts below, please categorize it correctly as temporary or permanent. Supplies Expense Land Wages Payable Contributed Capital Revenue Consider the following
For each of the accounts below, please categorize it correctly as temporary or permanent. Supplies Expense Land Wages Payable Contributed Capital Revenue Consider the following events and pick the best answers the following questions: Wind Directions, Inc. buys weathervanes from Metal works, Inc. and sells them in its retail store. -January 1: Wind Directions orders 100 weathervanes from Metal works for $50 each. -March 8: The weathervanes arrive at the retail store along with a bill for $5,000. -March 25: Wind Directions pays the Metal works $4,000 on account. -April 12: 70 (of the 100) weathervanes are sold to customers for $7,700 ($110 each) on account. -May 5: Collect $6,000 from customers for April 12 sale. -May 7: Wind Directions pays the remaining $1,000 to the artist. Question: On which of the above dates should Wind Directions first record its ownership of the weathervanes? Please write the date in the following such as "July 1" or "September 5
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